Leading Companies in Air Insulated Switchgear Industry - ABB (Switzerland) and Schneider Electric (France)
The global market for air insulated switchgear (AIS) is projected to grow from an estimated USD 67.3 billion in 2024 to USD 85.9 billion by 2029, demonstrating a CAGR of 5.0% during this five-year period. The AIS employs air as an insulating medium. AIS comprises of a casing having an internal volume for housing at least a busbar assembly and a circuit breaker. This metal enclosed or metal clad switchgear consists of components such as live tank circuit breakers, dead tank circuit breakers, current/voltage transformers, disconnectors, switches, and so on.
Various end users require different voltage ratings for their specific applications. In the AIS market, a handful of major companies possess a strong regional presence and hold a commanding position. Key players in the AIS market encompass ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland).
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Prominent companies like ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland) have employed various growth strategies to enhance their standing in the AIS market. These strategies include product launches, partnerships, sales contracts, agreements, acquisitions, joint ventures, expansions, investments, and contracts. The objective for these leading firms in the AIS market is to not only increase their market share but also to extend their geographical reach.
ABB is a leading technology company known for its expertise in electrification products, power grids, industrial automation, and robotics. The company serves a broad range of industries, including utilities, transport, and infrastructure. ABB's business operations are organized into four key segments: Electrification Products, Robotics & Discrete Automation, Process Automation, and Motion. Within its Electrification Products segment, ABB offers AIS, in addition to a comprehensive range of services, products, and interconnected solutions spanning the entire electricity value chain, from substation infrastructure to global consumption. The company's product portfolio within this segment also encompasses circuit breakers, sensing devices, solar power solutions, and electric vehicle (EV) charging infrastructure. The Electrification Products segment accounted for 48% of the company’s revenue in 2023.
Schneider Electric is a leading company specializing in energy management and automation solutions, and it is at the forefront of the digital transformation industry. The company operates through two main segments: Energy Management and Industrial Automation. Within the Energy Management segment, Schneider Electric offers AIS. This segment harnesses the capabilities of low voltage, medium voltage, and secure power solutions, all sharing a common goal of efficiently and reliably managing energy with similar economic characteristics. Schneider Electric has a strong presence in power equipment offerings and conducts its business through primary divisions, which include medium voltage (infrastructure), low voltage (building), secure power (IT), and industrial automation (industry). The low voltage segment provides a range of products tailored for residential and commercial buildings, industrial settings, infrastructures, and data centers. These products encompass power monitoring devices, power meters, and circuit breakers. The product portfolio within the medium voltage (infrastructure) segment features AIS and their monitoring systems, power monitoring and control software, transformers, remote control systems, and medium voltage/low voltage substations.
Related Reports:
Air Insulated Switchgear Market by Installation (Indoor, Outdoor), Voltage (Low, Medium, High), Application (Transmission & Distribution Utilities, Industrial, Commercial & Residential, Transportation) and Region - Global Forecast to 2029
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